Clear Channel Outdoor (NYSE:CCO) Announces Earnings Results

Key Points

• EPS miss but revenue beat: Clear Channel reported EPS of ($0.10), missing the ($0.09) consensus by $0.01, while revenue of $373.86 million topped estimates of $348.71 million.
• Stock and valuation: CCO traded at $2.39 (down 0.2%), with a one‑year range of $1.00–$2.43, a market cap of $1.19 billion and a P/E of 47.71.
• Analyst stance and ownership: The stock carries an average rating of "Reduce" with a $2.29 average price target (five Holds, two Sells), recent price‑target moves include Wells Fargo raising its PO to $2.43, and institutional investors own about 85.52% of shares.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) issued its quarterly earnings results on Tuesday. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01), FiscalAI reports. The business had revenue of $373.86 million for the quarter, compared to analysts' expectations of $348.71 million.

Clear Channel Outdoor Trading Down 0.2%

CCO stock traded down $0.01 during trading on Wednesday, hitting $2.39. 5,814,716 shares of the stock traded hands, compared to its average volume of 6,744,748. Clear Channel Outdoor has a one year low of $1.00 and a one year high of $2.43. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 47.71 and a beta of 1.99. The company has a 50 day simple moving average of $2.38 and a 200 day simple moving average of $2.16.

Analyst Upgrades and Downgrades

CCO has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Clear Channel Outdoor from $2.00 to $2.43 and gave the stock an "equal weight" rating in a report on Friday, February 27th. TD Cowen reaffirmed a "hold" rating and set a $2.43 price objective (down from $2.50) on shares of Clear Channel Outdoor in a report on Monday, April 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Clear Channel Outdoor in a research report on Friday, March 27th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $2.29.

Hedge Funds Weigh In On Clear Channel Outdoor

Several institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Clear Channel Outdoor by 181.3% in the 4th quarter. CIBC Asset Management Inc now owns 44,347 shares of the business services provider's stock valued at $98,000 after acquiring an additional 28,581 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Clear Channel Outdoor in the 4th quarter valued at about $86,000. Twinbeech Capital LP acquired a new stake in Clear Channel Outdoor in the 4th quarter valued at about $75,000. NewEdge Advisors LLC increased its position in Clear Channel Outdoor by 120.6% in the 4th quarter. NewEdge Advisors LLC now owns 30,953 shares of the business services provider's stock valued at $68,000 after acquiring an additional 16,924 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Clear Channel Outdoor in the 3rd quarter valued at about $67,000. 85.52% of the stock is owned by institutional investors.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc NYSE: CCO is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company's portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.